Police in Texas are backtracking claims that a man currently in custody is linked to the Target data breach. (Source: MGN Online)

Guo Xing Chen was arrested in December. Police have since said they don't believe he is involved in the Target data breach. (Source: Williamson County Jail)

(RNN) - Police in Texas are retracting claims that a man in custody is related to the massive Target data breach.

In a signed affidavit, police said Guo Axing Chen, 40, was believed to be "involved in a large scale credit breach believed to be in excess of $70 million … according to investigators from Target Corporation."

Wednesday night, Georgetown, TX, police backtracked those claims, issuing a statement saying "it is not believed he was responsible for the initiation of the breach at Target."

Chen was arrested last December and booked into the Williamson County, TX, jail after allegedly using a stolen credit or debit card to purchase gift cards at a Target store in Georgetown, TX.

The affidavit states that an asset protection leader at Target told police that Chen had also used stolen cards a day earlier at another store in Bell County, TX, to buy iPads and several thousand dollars worth of gift cards.

"While it was initially suspected that Guo Axing Chin's activities could have somehow been connected to the larger Target credit breach, at this time there is no indication where he obtained the fraudulent card information," the statement, obtained by multiple media outlets, read.